thanks Sive for your great analysis as usual.
Pls can you recommend books that teaches patterns like larry pasavento.
and I want to say thanks greatly for books you recommended in forex military school.
Once again thanks.
Hello Sive, As always awesome work..
I've question about the K Level , For example if the market has come to our K level and retrace from it just a little bit and then broke it , Can we still hope the level 61.8 will be strong Support/Resistance ? Or as the market broke the K level then it will definitely break the 61.8 as well ?
Thanks in advance.
Hi Ochills. Thin book with high density of information, very practical is Leslie Jouflas and Larry Pessavento "Trade what you see". Personaly I like it.
Hi buddy,
no, each level we should watch separately. Scenario that you've described is possible. But sometimes market is loosing some steam when it breaks through K-areas, so next level could stop it. Things that you've descibed mostly relate to minor Fib numbers - 0.786 and 0.88.
IF market absolutely disrespect K-level, you may suspect that it will hardly stop at next level as well, but this is not a rule of thumb.
Asif, that was too funny...and so true (not just in trading)!
Thanks for sharing-
Ron